Scuderia Ferrari driver Carlos Sainz Jr. has solidified his reputation as one of the most dependable performers on the grid.
Affectionately nicknamed the "Smooth Operator," the Spanish driver is recognized for his exceptional car control skills.
In the 2023 season, Sainz made history by achieving a significant milestone: he became the only non-Red Bull driver to secure a victory during that year. This accomplishment occurred as he first crossed the finish line at the 2023 Singapore Grand Prix.
Sainz's journey in Formula 1 traces back to his early involvement with the energy drink company, as he joined the Red Bull Development Program in 2010.
He made his F1 debut in 2015 with their junior team, Toro Rosso (known as AlphaTauri in 2023), partnering with future world champion Max Verstappen from 2015 to 2016. He departed Toro Rosso in the middle of the 2017 season to join Renault for the final four races of that same year and the entire 2018 season.
Sainz drove for McLaren alongside Lando Norris in the 2019 and 2020 seasons before making a high-profile move to Scuderia Ferrari ahead of the 2021 season. He achieved victories in two F1 races, securing wins at the 2022 British Grand Prix and the 2023 Singapore Grand Prix as part of the Prancing Horse team.
His father, Carlos Sainz Sr., is a rally racing legend who has won two World Rally Championship titles in 1990 and 1992.
As one of the veteran drivers on the grid today, how much will Carlos Sainz Jr.'s net worth be in 2024?
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Carlos Sainz Jr. Net Worth 2024: $49 million
The 29-year-old Sainz is worth $49 million as of 2024, according to various reputable sources such as CAknowledge, Sportskeeda, and August Man.
The Spanish driver is the seventh-highest-paid driver on the grid for the 2023 season. Ferrari compensates him a total of $14 million, as reported by business and financial outlet Forbes.
Within this total, his salary accounts for $8 million, while an additional $6 million is attributed to his performance-based bonuses.
Carlos Sainz Jr.'s Wealth
Sainz has accumulated a total of $44.7 million in Formula 1 salary over his nine seasons in the racing series, factoring all his salaries from Toro Rosso, Renault, McLaren, and Ferrari, according to Spotrac.
The mentioned figure does not include additional earnings derived from off-the-track ventures such as endorsements and sponsorships. Moreover, it does not factor in deductions for taxes, agent fees, and other business-related expenses.
Sainz proudly features endorsements from several esteemed brands, highlighting partnerships with the Italian car company Ferrari, the Spanish beer brand Estrella Galicia, helmet manufacturer Schuberth, the video game console PlayStation, and personal care products from Shiseido Me.
The two-time Grand Prix winner owns a remarkable collection of luxury cars, including the Bentley Continental GT ($900,000), Ferrari Roma ($680,000), Ferrari 812 ($950,000), Mercedes-Benz AMG GT ($815,000), and a McLaren 720S ($1 million). This impressive lineup highlights his on-track success and penchant for top-tier, high-performance automobiles.
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